The image of a luxury yacht in North Korea might take some by
surprise, given that UN Security Council blocked the sale of
‘luxury goods’ to North Korea in 2006, but in practice there are
a lot of ways around this law. Last year a
South Korean newspaper reported that young leader Kim Jong-un
had dramatically increased the amount of luxury goods imported
into the country. From
Dong-a Ilbo:

Imports were especially pronounced for high-end cars, TVs,
computers, liquor and watches. Inbound shipments of luxury cars
and associated components almost doubled to 231.93 million
dollars last year from 115.05 million dollars in 2009. Ship
exports increased more than 20 times from 17.48 million dollars
from 840,000 dollars over the same period.

Artworks and antique imports reached 580,000 dollars last year,
more than 10 times the figure of 50,000 dollars in 2009. Perfume,
cosmetics and fur saw their inbound shipments double. Among items
that saw sharp drops in imports were leather products and musical
instruments.

NK News
deduces that the yacht appears to be a $7 million, Princess
95MY yacht. A spokesperson for Princess Yachts, a part of the
luxury LVMH group, told NK News that as the boat had not been
produced for several years, it was likely bought on the secondary
market. The company is said to be conducting its own
investigation.